Essential COBRA Subsidy Information
March 9th, 2009 Posted by MadisonMany employers have questions regarding the COBRA subsidy under ARRA, the American Recovery and Reinvestment Act of 2009.
One of the key features under the ARRA is a 65% subsidy to provide COBRA continued healthcare coverage to the unemployed.
Employers need to realize that regulations are still being written for this law that went into effect on February 17, 2009. We will continue to update employers as new regulations are published.
COBRA, of course, is the Consolidated Omnibus Budget Reconciliation Act, a law that permits employees who have lost their jobs to continue their group insurance coverage for up to 18 months. COBRA also applies to dependents of ensured employees, and to employees who lose coverage because their hours have been reduced.
Only employers with 20 or more (more…)
2009 Ohio Minimum Wage is $7.30
November 28th, 2008 Posted by DerrickOn January 1, 2009 the Ohio minimum wage increases by 30 cents from $7.00 to $7.30 per hour.
On that same date, the Ohio minimum wage for tipped employees increases by 15 cents, from $3.50 to $3.65 per hour, according to the Ohio Department of Commerce. Any tipped Ohio employee who does not average $3.65 per hour in tips must be paid the difference in wages by the employer.
Under Ohio law, smaller companies can pay employers less. Companies with revenue less than $267,000 in 2009 can pay just $6.55 under the Ohio minimum wage law. However, when the federal minimum wage increases on July 24, 2009, they must pay at least $7.25 per hour. Youths who are 14 and 15 years of age can also be paid these reduced wages.
A constitutional amendment passed by Ohio voters (more…)
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